For the Year Ending December 31, 2014, the Accounts of Jackson

Essay

For the year ending December 31, 2014, the accounts of Jackson Corporation showed the following balances: $$\begin{array} { | l | r | } \hline \text { Common stock, January 1, 2014 } & \$ 500,000 \\\hline \text { Retained earnings, beginning balance, January 1,2014 } & \$ 100,000 \\\hline \text { Total revenues earned during 2014 } & \$ 150,000 \\\hline \text { Total expenses incurred during 2014 } & \$ 90,000 \\\hline \text { Total dividends declared during 2014 } & \$ 10,000 \\\hline \text { Issuance of stock during 2014 } & \$ 50,000 \\\hline\end{array}$$ Requirements:
Determine the components of stockholders' equity as of December 31, 2014.